BNP Paribas shares slip further

Shares in BNP Paribas fell for the second day running after the bank unnerved markets by freezing some funds due to subprime …

Shares in BNP Paribas fell for the second day running after the bank unnerved markets by freezing some funds due to subprime concerns.

Shares in BNP Paribas, France's biggest listed bank, were down 3.5 per cent at €79.68 earlier today and were among the top losers on France's benchmark CAC-40 index.

The stock had closed down 3.4 per cent yesterday.

BNP Paribas said yesterday it had temporarily frozen €1.6 billion worth of funds due to problems in the US subprime mortgage sector.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter